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DTSTART;TZID=Europe/Berlin:20231017T093000
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DTSTAMP:20250216T092216Z
CREATED:20250216T092216Z
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UID:987504473-1697535000-1697817600@cgde-home.de
SUMMARY:Dynamic Macroeconomics: Methods and Numerical Simulation with Applications to Climate Change\, Dynamic Resource Models and Endogenous Growth
DESCRIPTION:Format:\nFour days interactive lectures (see schedule below). Students are required to bring a laptop with Matlab installed. \nTopics:\nThe course deals with methods to analyze and numerically solve continuous-time deterministic models. We discuss methods which can be used to analyze this class of models theoretically. The focus is on models which exhibit multiple steady states. We apply the Relaxation algorithm in order to solve the adjustment dynamics of models numerically. As examples\, we focus on endogenous growth models\, dynamic resource models and Integrated Assessment models. \n1. Introduction to Models of Economic Growth \n2. Numerical solution of growth models I \n3. Growth models\na) a simple endogenous growth model\nb) non-renewable resource models (Dasgupta-Heal-Solow-Stiglitz)\nc) a simple Integrated Assessment Model of climate change \n4. Theoretical analysis of growth models \n5. Numerical solution of growth models with a special focus on multiple steady states II \n6. Numerical simulations of Integrated Assessment Models and policy implications \nLiterature:\nThe lecture is based on original research papers. A detailed list will be provided at the beginning of the lecture. \nTime schedule: \nTue\, Oct 17\n09:30 – 11:00 Introduction\, Numerical solutions of growth models I\n11:00 – 11:30 Break\n11:30 – 13:00 Numerical solutions of growth models I\n13:00 – 14:30 Lunch break\n14:30 – 16:00 Numerical solutions of growth models I \nWed\, Oct 18\n09:30 – 11:00 Growth models: a simple endogenous growth model\n11:00 – 11:30 break\n11:30 – 13:00 Growth models: Dasgupta-Heal-Solow-Stiglitz model\n13:00 – 14:30 Lunch break\n14:30 – 16:00 Growth models: a simple IAM \nThu\, Oct 19\n09:30 – 11:00 Theoretical analysis of growth models\n11:00 – 11:30 break\n11:30 – 13:00 Numerical solution of growth models II\n13:00 – 14:30 Lunch break\n14:30 – 16:00 Numerical solution of growth models II \nFri\, Oct 20\n09:00 – 10:30 Numerical Solutions of IAMs\n10:30 – 11:00 break\n11:00 – 12:30 Numerical Solutions of IAMs\n12:30 – 14:00 Lunch break\n14:00 – 15:30 Numerical Solutions of IAMs\, conclusion
URL:https://cgde-home.de/event/dynamic-macroeconomics-methods-and-numerical-simulation-with-applications-to-climate-change-dynamic-resource-models-and-endogenous-growth/
LOCATION:Leipzig University; Institutsgebäude; Grimmaische Straße 12\, Grimmaische Straße 12\, Leipzig\, Saxony\, 04109\, Germany
CATEGORIES:Special Courses
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